May 09, 2022
On May 6, 2022, The Am Law Litigation Daily featured a Cravath team as “Litigators of the Week” for its successful defense of client Elon Musk in a stockholder derivative suit in the Delaware Court of Chancery related to Tesla’s 2016 acquisition of SolarCity, in which Plaintiffs sought $13 billion in damages. The publication noted that the Court’s decision in favor of Mr. Musk followed an 11‑day trial held in July and August 2021 and additional oral argument in January 2022, and in the Q&A feature, Cravath partners Evan R. Chesler, Daniel Slifkin and Vanessa A. Lavely spoke about the Firm’s introduction to the case; the collaborative approach of the team, which also included partner Helam Gebremariam; key themes that emerged over the course of the trial; as well as important takeaways from the decision, including as they relate to corporate governance.
The Cravath team for Elon Musk also included associates Samuel A. Stuckey, Jackie L. Carleton, Eric J. Zepp, Kathryn M. Baldwin and Katherine A. DuBois.
For more detail on the Firm’s representation, please click here to read the related website item.
Deals & Cases
May 02, 2022
On April 27, 2022, the Delaware Court of Chancery granted judgment in favor of Cravath client Elon Musk on all counts in a stockholder derivative suit regarding the 2016 acquisition of SolarCity Corp. (“SolarCity”) by Tesla, Inc. (“Tesla”). The Court of Chancery’s 131‑page opinion in favor of Mr. Musk followed a highly publicized 11‑day trial in July and August 2021, and post‑trial briefing and oral argument held in January 2022.
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